Labrador, Queensland

Under Contract / Offer

Property Description

Business For Sale - 25% PRICE REDUCTION- ID 8493 BL

- 2 X MULTIPLIER ON NET PROFIT
- MANAGEMENT RIGHTS GOLD COAST
- Holiday management rights for sale
- Price reduction of over $200,000
- Three storey walk up
- Combination of studio, one and two bedroom apartments
- Easy to maintain grounds
- Office attached and on title
- Busy complex with lots of repeat and walk in trade
- The manager's residence offers two bedrooms and is air-conditioned
- Located one block back from the Broadwater
- This complex has been converted from a motel to a management rights business. It offers growth potential and the ability to purchase additional units from the current manager.

Net Profit: $190,000
Reduced Asking Price: $656,000
(Inclusive of manager's real estate)

ALL OFFERS TO BE PRESENTED TO THE VENDOR

For further information or to arrange an inspection of this Gold Coast management rights business for sale contact:

Listing Broker
Phil Trimble

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $190,000 Remuneration / Body Corp Salary: $38,626

Managers Unit

Value of Managers Apartment: $278,000Bedrooms: 2Bathrooms: 1Car Spaces: 2Office: On TitlePets OK: Yes
Air-conditioned unit with under cover courtyard.

Complex Information

Complex Type: HolidayTotal Units in Complex: 32Total Units in Letting Pool: 20Holiday Units: 20Owner Occupy Units: 2Outside Agent Units: 10Agreement Term: 25 yearsAgreement Term Remaining: 14 yearsPool: Yes

Marketing Agent


Marketing Agency

MR Sales

Phil Trimble
MR Sales

Phone

Listing Tools

This listing last updated: 11th September 2018

Property Map

Map Location ( get directions )

Labrador, Queensland 4215 Exact map location not provided

Similar Properties

SURFERS PARADISE
Business For Sale - Opportunity For Retired...

$718,000
Net Income: $47,994
Managers Estate: $550,000 3 Bed - Bath
Letting Pool: 21
Remuneration: $31,678

MR Sales
Management Rights with a solid net profit just a couple of block from the heart of Broadbeach!
Exclusive

BROADBEACH
Management Rights with a solid net profit...

$748,000
Net Income: $124,000
Managers Estate: $265,000 1 Bed - Bath
Letting Pool: 13
Remuneration: $35,400

RAAS Group

SURFERS PARADISE
Business For Sale - Surfers Paradise...

$699,000
Net Income: $222,000
Managers Estate: - - Bed - Bath
Letting Pool: 120
Remuneration:

MR Sales

ID 8884 BL CARRARA
Business For Sale - Tranquil Pet Friendly...

$569,000
Net Income: $41,400
Managers Estate: $435,000 4 Bed 3 Bath
Letting Pool: 22
Remuneration: $27,625

MR Sales
CENTRAL GOLD COAST PERMANENT COMPLEX
Exclusive

CLEAR ISLAND WATERS
CENTRAL GOLD COAST PERMANENT COMPLEX

$645,000
Net Income: $56,378
Managers Estate: $450,000 3 Bed - Bath
Letting Pool: -
Remuneration: $47,000

RAAS Group
GREAT SALARY FOR CARETAKING plus an equally huge opportunity to build the letting pool with 74 rentals in the building!
Exclusive

SURFERS PARADISE
GREAT SALARY FOR CARETAKING plus an equally...

Offers Above $599,000
Net Income: $117,500
Managers Estate: - - Bed - Bath
Letting Pool: 6
Remuneration: $117,500

RAAS Group